Met-Pro Corporation's Strobic Air Business Unit Receives Equipment Orders Totaling Approximately $500,000
21 Janeiro 2010 - 12:40PM
PR Newswire (US)
HARLEYSVILLE, Pa., Jan. 21 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Strobic Air business
unit has received orders, totaling approximately $500,000, from two
premier pharmaceutical companies in the United States. These orders
are expected to ship in the first quarter of the Company's next
fiscal year, which begins on February 1, 2010. For these projects,
Strobic Air will supply a total of fifteen (15) Tri-Stack(TM) fans
on custom plenums, which will be used for laboratory fume hood
exhaust. Each fan will utilize Strobic Air's patented Acoustical
Silencer Nozzle and Acoustical Windband technology. Strobic Air was
awarded these contracts based on their reputation for supplying
best-in-class low profile exhaust systems that are specifically
designed to handle the complex issues of laboratory exhaust. "These
orders follow more than $1.4 million in orders for air pollution
control equipment already announced this week," stated De Hont. "We
are pleased with the market's continued interest in our
industry-leading technologies and remain optimistic that we can
build on our recent success in closing these large projects to
achieve similar additional awards in the future." About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road,
Harleysville, Pennsylvania, was recently recognized as one of
"America's Fastest Growing Small Companies" by Fortune Small
Business magazine. Through its business units in the United States,
Canada, Europe and The People's Republic of China, a wide range of
products and services is offered for industrial, commercial,
municipal and residential markets worldwide. These include product
recovery and pollution control technologies for purification of air
and liquids; fluid handling technologies for corrosive, abrasive
and high temperature liquids; Mefiag filtration technologies for
harsh, corrosive liquid filtration applications; and filtration and
purification technologies which include proprietary water treatment
chemicals and filter products for air and liquid filtration. For
more information, please visit http://www.met-pro.com/. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in
this news release, and other materials filed or to be filed with
the Securities and Exchange Commission (as well as information
included in oral or other written statements made or to be made by
the Company), contain statements that are forward-looking. Such
statements may relate to plans for future expansion, business
development activities, capital spending, financing, the effects of
regulation and competition, or anticipated sales or earnings
results. Such information involves risks and uncertainties that
could significantly affect results in the future and, accordingly,
such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, goodwill impairment, computer systems
implementation, dependence on existing management, the continuation
of effective cost and quality control measures, retention of
customers, global economic and market conditions, and changes in
federal or state laws. Met-Pro common shares are traded on the New
York Stock Exchange, symbol MPR. To obtain an Annual Report or
additional information on the Company, please call 215-723-6751 and
ask for the Investor Relations Department, or visit the Company's
website at http://www.met-pro.com/. Contact: Investor Contact: Gary
J. Morgan, Joseph Hassett, VP Senior Vice President of Finance, CFO
Gregory FCA Communications 215-723-6751 610-228-2110 DATASOURCE:
Met-Pro Corporation CONTACT: Investors, Gary J. Morgan, Senior Vice
President of Finance, CFO of Met-Pro Corporation, +1-215-723-6751;
or Joseph Hassett, VP, Gregory FCA Communications, +1-610-228-2110
Web Site: http://www.met-pro.com/
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